it will work, sort of. If you can find the old school traccer hammer without the anti-kink insert you can use a standard powertube and nelson nut.

Otherwise you can put the trracer hammer in a vice with the anti-kink tube sticking up and take a light hammer to it to knock it out the other side where you can get a vice grip on it and pull it out the rest of the way. You then need to drill out the middle hole on the hammer to be large enough to accept a nelson power tube.